Banco General of Panama Begins Operations in Costa Rica

The first branch will be officially opened on May 21, and it expects to open 10 to 15 more branches over the next five years.

Thursday, May 7, 2009

Federico Albert, vice president of international banking, said that this branch will provide business services and also serve the personal banking segment.

Hassel Fallas, in his article in the Nacion website, wrote: "The entity has $30 million in capital to start working here as a commercial bank. Alberto Sauter is the general manager.
The new banking firm hired 40 people and it foresees that each new branch will create 10 additional jobs."

More on this topic

New Banco General Branch in Costa Rica

October 2009

'Banco General Costa Rica', 100% subsidiary of Panamanian Banco General S.A., inaugurated a new branch in the country.

The bank entered Costa Rica's market in May 2009. This new branch is located in Curridabat, in the capital city of San Jose.

"It is a bank with General License, providing the Costa Rican market with products and services to consumer and corporate clients", reports Pa-digital.com.pa.

Banco Azteca Begins Operations in El Salvador

July 2009

The Mexican bank was authorized by the superintendence of the financial system, after fulfilling all the requirements.

According to documents forwarded to the superintendence, the banking entity plans to open 23 branches in El Salvador.

An article in La Prensa Gráfica reported that the bank "...is part of Grupo Salinas, one of the largest conglomerates in Mexico...

Delta Bank opens new branch in Panama

November 2008

In accordance with its expansion plans Delta Bank opened a new branch in the province of Veraguas.

Ariel Sanmartin, general manager and executive vice president of the Bank said that they are pleased with the opening of this new branch.

Services that will be offered include savings accounts, working capital, personal and car loans, fixed rates, etc.

New bank to begin operations in El Salvador

September 2008

The Industrial Bank of El Salvador is completing the procedures at the Financial System Superintendence to formally become a bank.

According to the Superintendence, shareholders will hold 1% or more of the social capital of said company which is being created and includes: Banco Industrial S.A. (from Guatemala), Construagro S.A. (from El Salvador), y José Luis Zablah Touché (from El Salvador).

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